Weekly Company gathered the following information for the year ended December 31: Direct labor cost incurred for the year $180,500 Estimated manufacturing overhead costs $269,100 Estimated direct labor cost $214,900 Work in process inventory, Dec, 31 $51,000 Finished goods inventory, Dec. 31 $60,100 Cost of goods sold $141,300 Estimated direct labor hours 260,300What would the predetermined manufacturing overhead rate for the year be using direct labor cost as the allocation base?   Question 46 options:   103% of direct labor cost   84% of direct labor cost   119% of direct labor cost   125% of direct labor cost

The related data of Danaya Company:                                         Actual direct labor hours                                      10,000 Actual overhead cost                                             P893,200 Underapplied factory overhead                         125,700 Factory overhead is based on direct labor hours.                                                                     How much is the predetermined rate?

PSMO Company currently uses normal costing method in accumulating the cost of production. The following data were provided for the current year Raw Materials: Inventory, Jan. 1 Issuance to production Purchases on account Factory Labor: Total Factory payroll Factory overhead: Plant depreciation Utilities Repair and Maintenance Indirect Materials Indirect Labor Other overhead costs Work in process: Jan. 1 Dec. 31 How much is the cost of goods manufactured? P 6,940,000 P 3,370,000 P 7,010,000 P 186,000 P600,000 3,600,000 4,350,000 2,700,000 200,000 145,000 145,000 230,000 600,000 105,000 720,000 650,000

Crane's Manufacturing calculated its predetermined overhead rate to be 180% of direct materials costs. For the month of July, the company incurred $118000 of raw material costs, of which $89000 were direct materials, and $29000 were indirect materials. Actual overhead incurred was $174000. What would be the debit entry to the Work in Process Inventory account for July with respect to manufacturing overhead? $174000 $160200 $212400 $zero, the account should be credited